[cardcounter0]

Yes, but for every person that does call your raise, more than two people have to fold in order to lose money. So if 3 or more call your raise from early position, you are still ahead money-wise (and for every person that does fold, it improves your chances of winning a little).

It's a trade-off, but I would rather be playing against 5 people calling 2 bets than 10 people calling 1 bet.